Chapter 24 30's and Depression Flashcards
What happened on “black Tuesday”
the stock market crashed
Who is Dorthea Lange?
a famous photographer during the Great Depression
What was the Bonus Army?
veterans of World War I who camped in Washington and demanded their bonus early
Who won the Election of 1932
FDR
What was the 3 parts of the New Deal?
Relief, Recover, Reform
Who were the “Brain Trust”
group of advisers who assisted FDR in making early economic policy
What is the RFC and what did it do?
Reconstruct Finance Corporation that gave money to the state governments to improve the economy
What is the CCC and what did it do?
Civilian Conservation Corps and it gave unemployment relief
What is the FERA and what did it do?
Federal Emergency Relief Administration and it directed federal money for relief, funneled through state and local governments.
What is AAA and what did it do?
Agricultural Adjustment Administration that brought federal farm aid
What is the NIRA and what did it do?
National Industrial Recovery Act and it used self-regulating industrial codes to revive economic activity
What is the PWA and what did it do?
Public Works Administration and it increased employment by starting federal public work projects
What did the Emergency Banking Relief Act do?
it enlarged federal authority over private banks
What did the Emergency Relief Appropriations Act do?
It created Large scale public work programs for the jobless
What did the Social Security Act do?
it gave pensions to old-aged citizens and gave unemployment insurance